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SchoolforContinuingEducation(NGASCE)
Course:BusinessEconomics
InternalAssignmentApplicableforDecember2017Examination
AssignmentMarks:30
Instructions:
AllQuestionscarryequalmarks.
AllQuestionsarecompulsory
All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3 in not more than 500 words for each subsection. Use relevant examples,
illustrationsasfaraspossible.
Allanswerstobewrittenindividually.Discussionandgroupworkisnotadvisable.
Students are free to refer to any books/reference material/website/internet for
attempting their assignments, but are not allowed to copy the matter as it is from the
sourceofreference.
Students should write the assignment in their own words. Copying of assignments from
otherstudentsisnotallowed
Studentsshouldfollowthefollowingparameterforansweringtheassignmentquestions.
ForTheoreticalAnswer ForNumericalAnswer
AssessmentParameter Weightage AssessmentParameter Weightage
Introduction 20% Formula 20%
ConceptsandApplication 60% Procedure/Steps 50%
relatedtothequestion
Conclusion 20% CorrectAnswer& 30%
Interpretation
NMIMSGlobalAccess
SchoolforContinuingEducation(NGASCE)
Course:BusinessEconomics
InternalAssignmentApplicableforDecember2017Examination
25 10 18 ? ? ?
26 10 20 ? ? ?
27 10 21 ? ? ?
2. Assume that a consumer consumes two commodities X and Y and makes five
combinations for the two commodities :
b) Quantity demanded for tea has increased from 300 to 450 units with an increase
in the price of the coffee powder from Rs 25 to Rs 30. Calculate the cross elasticity
of demand between tea and coffee and explain the relationship between the goods.
(5 Marks)
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